1.3 NEED OF INVESTMENT A full implementation of the strategic vision for ICT sector in Romania that will meet the specified targets for Romania will require a total investment of more than 3.9 billion Euro. Direct and indirect impact on the economy, calculated in accordance with good practice observed in other European countries who have made similar investments may be translated into GDP growth by 13%, increasing the number of jobs by 11% and reduce administration costs by 12% during 2014-2020. The Romanian and European Union objectives through the Digital Agenda are ambitious and involve partnership and participation of all actors in the sector, whether it's leading ICT sector representatives, representatives of financial institutions or international organizations supportive. From a methodological perspective, the investment requirements were assessed for each line of action through comparison with similar investments for the same objective done by other countries and adjusting them to take into account the specific Romanian social-economic context. The estimated impact for each Field of Actions was derived from statistical analysis of historical data in countries which implemented similar projects or impact assessments published by European Commission / World Bank. The assessed investment calculation for each line of investment was performed based on the following:      Values estimated at the level of the European Union for the implementation of the Digital Agenda and presented within the analysis of the impact of the proposed measures Values generated from studies published by the JRC – Joint Research Centre, European Commission Values published for investments which are comparable identified at the level of other countries – it refers to investments with the same perimeter, performed under comparable conditions Values resulted from the statistical analysis performed based on the figures recorded in countries which finalized similar investments Similar investment rates These values were adjusted afterwards with relevant indicators for Romania:   The number of inhabitants – ex. Total estimated investments for the computerization of the public services were estimated at a total level for the European Union; Romania’s rate was estimated based on the average cost per inhabitant, the population of Romania and the country’s level of development The Gross Domestic Product – the estimated investments for Romania were adjusted at the total economy value expressed through the Gross Domestic Product Also, the calculations performed both for the estimation of the future investments which will be performed by Romania within the Digital Agenda strategy, as well as for the estimation of the impact upon the economy, were performed starting from and considering the methodology published by the European Commission for the performance of such calculations. The table below depicts the necessary investment for each field of action in order to meet the specific targets for the Digital Agenda for Europe 2014 – 2020. Operational Program Need for Investment (EURO) % eGovernment and Interoperability 247,487,375 EUR 6,2% Cloud Computing and Social Media 70,187,239 EUR 1,8% Page 32 of 172